Best General Liability Insurance For Small Businesses In Texas In 2024
The dream of every aspiring entrepreneur is to start and manage their own small business. It will give freedom to explore other potential ways to make more money. However, there are several risks associated with managing a business.
Small business owners in Texas are exposed to several liabilities which could lead to loss of money and, in most cases, legal disputes from clients. This is where you will need general liability insurance for small businesses.
General liability insurance is a type of business insurance coverage that can protect small businesses from claims of bodily injury, property damage, product liability, personal advertising injury, and other liabilities that could arise while running your business.
Research from the Small Business Administration (SBA) shows that in 2022, there were approximately 3.1 million small businesses in Texas, accounting for 99.8% of all businesses in the state. Furthermore, a survey revealed about 412 insurance companies in Texas in 2023, which makes it the third-highest state in the United States in terms of insurance companies.
With these figures, one would expect small business owners to utilize this opportunity and buy general liability insurance for their small businesses.
This article explains liability insurance for small businesses in Texas, including the costs, what it covers, and the insurance providers. Whether you are just starting your small business or are a veteran, general liability insurance can protect your business and assets.
Best General Liability Insurance For Small Businesses In Texas
Our team traveled around the state of Texas and discovered that there are several general liability insurance companies operating there. After conducting our research, we compiled this list. We didn't receive any money from the companies listed here.
Please do your research about these insurers to obtain first-hand information about them. Here is a list of the best general liability insurance options for small businesses in Texas:
1. The Hartford
Hartford is well-known for providing insurance solutions for small businesses in Texas. No matter your general liability insurance needs, Hartford has policies to cater to it.
Furthermore, Hartford understands the needs of small businesses in Texas and is ready to meet their expectations. They offer comprehensive coverage options against bodily injury, property damage, and personal and advertising injury.
For further information, visit the Hartford at PO Box 660917 Dallas, TX 75266 or call (860) 547-5000
2. Hiscox Insurance, Dallas
Hiscox specializes in small businesses and has gained a reputation for its flexibility and affordability. Their general liability insurance policy is to protect small businesses in TX from potential risks.
Hiscox offers coverage for property damage, bodily injury, and advertising injuries. Their policies can be customized to suit your business's needs, providing you with the necessary protection without breaking the bank.
Their focus on small businesses ensures that their policies are tailored to the unique challenges facing entrepreneurs and offer comprehensive coverage. Please do your research about them before making a decision.
For further information, contact Hiscox at 14643 Dallas Pkwy 450, Dallas, TX 75254, USA.
3. Chubb
If you are looking for cheap general liability insurance, you should consider Chubb. Chubb is an international insurance company with offices in Texas. They offer reliable coverage and good customer service. No wonder they are the go-to for business owners in Texas.
Their general liability policy covers property damage, bodily and advertising injury, and product liability. Please do your research about them before making a decision.
For further information,visit any of their offices in Texas, including Dallas, Denver, Austin, Houston, and Tulsa. You can contact Chubb Insurance corporate in Austin at 919 Congress Avenue Suite. 1315 Austin, TX 78701 T 512-634-2200
4. Nationwide Insurance
Nationwide insurance is one of the best general liability insurance options for small businesses in Texas. One good thing about them is that they understand the needs of every industry and are prepared to work with small owners.
After our research, we discovered that their general liability insurance covers bodily injury, property damage, and personal and advertising injuries. Nationwide provides personalized support and assistance in choosing the right policy for businesses.
For more information, contact Nationwide Insurance Corporate Office 9903 Nationwide Dr, San Antonio, Texas, United States.
5. Travelers Insurance
Travelers Insurance is popular in Texas. They offer general liability coverage for small businesses with flexible policies that you can customize to meet your company's needs.
Travelers' general liability insurance covers bodily injury, property damage, and personal and advertising injuries. Furthermore, they also provide more insurance plans to enhance your overall protection. Travelers provide reliable coverage and access to insurance solutions for small businesses.
For more information, contact Travelers Insurance corporate office in Texas via PO BOX 660307. Dallas, TX 75266-0307.
6. Progressive Commercial Insurance
During our search for cheap general liability insurance companies in Texas, we discovered Progressive Commercial. Their liability insurance covers business owners who need protection against potential claims and lawsuits.
Furthermore, Progressive Commercial offers flexibility in coverage options to suit business needs. Through their online tools, Small business owners can access online tools and resources to manage policies.
For more information, contact Progressive Commercial Insurance corporate office in Austin, Texas · 7301 Metro Center Dr., Austin, TX 78744.
7. AmTrust Financial
Small businesses in different sectors are benefiting from AmTrust Financial. Their general liability insurance covers daily business risks, such as property damage, advertising injury, etc.
AmTrust Financial is an industry leader in several sectors, including retail, hospitality, healthcare, etc. In addition to general liability coverage, AmTrust Financial covers cyber liability, employment practices liability, and commercial auto insurance.
For more information, contact AmTrust Financial Insurance corporate office in Austin at 2203 Timberloch Place Suite, 220 The Woodlands, TX 77380. Dallas office: 4455 LBJ Freeway Suite 700 Dallas, TX 75244. Finally, their Houston office: 5599 San Felipe, Suite 610, Houston, TX 77056.
8. State Farm Insurance
Our list of top general liability insurance in TX will not be complete without mentioning State Farm insurance. Their policy covers businesses from risks. You will find State Farm agents in different cities in TX providing services to their customers.
Furthermore, State Farm offers other coverages to small businesses, such as commercial property insurance, business interruption insurance, and commercial auto insurance.
For more information, contact State Farm Insurance corporate office in Dallas at 17301 Preston Road Dallas, TX 75252, United States. You can also visit their Dallas office at 17301 Preston Road Dallas, TX 75252, United States.
How Much Is General Liability Insurance For A Small Business In Texas?
The annual average cost of general liability insurance in Texas is between $3000 and $5,000. However, the costs depend on the insurance provider, type of business, deductibles, and location.
What Does General Liability Insurance For Small Businesses Cover?
General liability insurance covers several business risks. Here are some of them:
- Bodily Injury: Accidents can happen anywhere, including on business premises. General liability insurance covers medical expenses, legal fees, and settlements if a third party, such as customers or visitors, gets injured from business operations in your premises.
- Property Damage: There are some instances where your business operations will damage someone's property. If there are damages, general liability insurance will cover repairs, replacement, or compensation.
- Personal and Advertising Injury: Advertising and personal injury include defamation, copyright infringement, false adverts, and violation of privacy. General liability insurance covers your business and will protect your business from these types of lawsuits.
- Product Liability: Product liability is peculiar to manufacturing, sales, or distribution businesses. For instance, if a customer buys a defective product or if the product causes bodily injury, your general liability insurance will cover your business against such claims or lawsuits.
- Completed Operations: General liability insurance can cover risks arising from services that could lead to property damage or bodily injury after completing the service.
- Medical Expenses: Accident or injures can happen in your premises during business activities. You need general liability insurance to cover the legal and medical costs if a customer or visitor sustain injuries in your business premises.
Conclusion: Best General Liability Insurance For Small Businesses In Texas
Risks are almost inevitable in business. Therefore, you need the best general liability insurance for your small businesses in Texas whenever they arise. Take your time to visit different reputable insurance providers and compare their quotes before deciding on the best option for you.
Money is hard to come by, so don't waste it on a policy you don't understand. Therefore, to be safe, contact an insurance agent with experience in small business insurance and ask about anything you don't understand. They can help assess risks and recommend suitable coverage options.
Take a step to protect your small business by reaching out to insurance providers with years of experience working with similar small businesses like yours. You won't regret it.
